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Open
1 Nov 2004
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Close
5 Nov 2004
3
Allotment
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Listing
Wed, Nov 24, 2004
Price Band
₹12 to ₹14
Issue Size
4,20,00,000 shares (agg. up to ₹59 Cr)
Listing Date
Wed, Nov 24, 2004
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 18.83x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2004 | 31 Mar 2004 |
|---|---|---|
| Assets | 28.84 | 15.87 |
| NET Worth | 21.94 | 0.05 |
| Reserves and Surplus | 3.70 | |
| Total Borrowing | 0.05 | 12.41 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land & Site Development | 4.25 |
| 2 | Buildings | 20.75 |
| 3 | Plant & M/c. | 137.24 |
| 4 | Know how & Engg. Fees | 1.10 |
| 5 | Misc. Assets | 7.66 |
| 6 | Contingency | 8.55 |
| 7 | Preliminary & Preoperative expenses | 13.43 |
| 8 | Working Capital Margin | 10.33 |
| Total | 203.31 |
About S.A.L.Steel IPO
Incorporated in 2003, S.A.L. Steel Limited is an Indian steel manufacturing company engaged in the production of sponge iron, ferro alloys, iron ore pellets, power generation, and related steel products. The company operates across steel, infrastructure, and manufacturing sectors in India. The company primarily manufactures sponge iron used in steelmaking and also operates facilities for ferro alloys and captive power generation to support its integrated manufacturing operations. Its production facilities are located in Gujarat, allowing the company to serve domestic steel and industrial markets efficiently. S.A.L. Steel Limited focuses on backward integration and cost-efficient production processes by utilizing captive resources and power infrastructure. The company supplies products to steel manufacturers and industrial customers across India.+ Read More
Contact Details
S.A.L.Steel Ltd. Address5/1 Shreeji House5th Floor, Behind M.J.LibraryAshram RoadAhmedabad, Gujarat, 38000691-079-26578030salsteel.ltd@rediffmail.comVisit Website